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We study convergence and divergence dynamics in a sample of EMU countries by assembling an extensive dataset that …, increasing convergence with the core Euro countries. However, the debt crisis dramatically worsened citizens’ perceptions of …
Persistent link: https://www.econbiz.de/10012585461
We analyze the non-linear effects of government spending for the Euro area in recession, by using local projection method and by testing whether the impact of the shock depends crucially on the levels of public debt or the depth of the recession. We provide three insights. First, expenditure...
Persistent link: https://www.econbiz.de/10012230793